Utilities Services
Being a corporate tenant usually means purchasing at least a portion of your utilities from your landlord. And with utility prices continually rising, even a small miscalculation can result in a significant overcharge. While a "Lease Audit" frequently results in significant refunds, continuing savings and future rent reductions, at BDO we have found that the most dramatic recoveries are almost universally associated with utilities.
The reason is quite simple. Depending on geographic location and local real estate market customs, landlords redistribute and separately charge tenants for utilities (electricity, steam, gas, etc.) in more than a dozen different ways.
So as corporations strive to maintain profit margins, one of the most significant cost cutting opportunities lies in reducing utility expenses associated with its leased premises.
BDO has the in-house experience to identify, communicate and resolve utility-related issues. Our clients receive the benefit of this experience on assignments—whether utility issues are suspected or not and regardless of how utility costs are charged. Our in-depth review of utility costs sets us apart from other firms that must refer this portion of the assignment to outside consultants or may not focus on this area of potential savings. Additionally, our corporate real estate professionals provide consulting services on prospective lease language to eliminate ambiguities and onerous provisions from day one of the term.
Through our strategic relationships with other industry organizations, BDO Corporate Real Estate Services also provides:
- Energy Bill Analysis
- Load Management Studies
- Energy Saving Lighting Upgrades
- Energy Purchasing in a Deregulated Market
